Attorneys general seek to examine, regulate daily fantasy sports

SPECIAL REPORT: Here’s what you should know about daily fantasy sports » (AP Photo/Stephan Savoia, File)

BOSTON (WPRI) — As Rhode Island’s attorney general begins to examine the multi-billion dollar daily fantasy sports industry, Massachusets’ top law enforcement officer proposed a new set of regulations for websites such as Boston-based DraftKings and New York City-based FanDuel.

The two industry behemoths and dozens of other much smaller competitors will be allowed to continue operating in Massachusetts, but under Maura Healey’s proposal of rules and regulations, there would be a number of restrictions.

Healey, who announced the changes Thursday after what she said is an ongoing review of the industry and its impact on local consumers, will bring the package to the secretary of state’s office tomorrow.

Among the changes Healey is pitching: you’d have to be 21 or older to play, there would be a ban on campus advertising and the daily games would be based on skill levels, so that the best players wouldn’t have an advantage over rookies.

SPECIAL REPORT: Here’s what you should know about daily fantasy sports » (AP Photo/Stephan Savoia, File)
SPECIAL REPORT: Here’s what you should know about daily fantasy sports » (AP Photo/Stephan Savoia, File)

As Eyewitness News reported last week, right now 90 percent of the money is won by less than two percent of the players.

“Professional players who use sophisticated software and algorithms, and through their experience, their expertise are able to win the vast majority of the contests,” Healey said.

When we researched our report several weeks ago, we asked the Rhode Island Attorney General’s office if the issues potentially tied to the booming business was on the state’s legal radar, and we were told no.

But last week, the Peter Kilmartin announced his criminal and civil divisions are reviewing how the games fit or don’t fit into state law.

“At the end of the day, we have Rhode Islanders participating in an activity when they can potentially lose money,” Kilmartin said. “We want to ensure that the activity is legal and that they’re not being taken advantage of with these games.”

Healey said public hearings on the proposed regulations will be held in January. Kilmartin is not offering a time frame for how long Rhode Island’s examination of the game will take.

Send tips to Target 12 Investigator Walt Buteau at wbuteau@wpri.com and follow him on Twitter @wbuteau

Comments are closed.